Answer:
el primero es true el segundo creo que es falso y el terserro es true una disculpa si sacas. mal tu calificación por qué casi no se me da eso aunque alguna dicen que es fácil ansori
Newhard Company assigns overhead cost to jobs on the basis of 118% of direct labor cost. The job cost sheet for Job 313 includes $17,870 in direct materials cost and $11,000 in direct labor cost. A total of 1,550 units were produced in Job 313.
Required:
What is the total manufacturing cost assigned to Job 313? What is the unit product cost for Job 313?
Answer:
A. Manufacturing costs =$41,850
B. Unitary cost = $27
Explanation:
Given the following information,
Newhard company assigns overhead costs to jobs based on 118% of direct labor cost
The Job cost sheet for job 313 includes $17,870 in direct materials cost and $11,000 in direct labor cost
A. Manufacturing costs = Direct materials + Direct labor + Manufacturing overhead
= $17,870 + $11,000 + ($11,000 × 1.18%))
= $17,870 + $11,000 + $12,980
= $41,850
B. Unitary cost = $41,850 / 1,550
Unitary cost = $27
When Joshua's income increases, he purchases more prime-rib dinners than he did before his income increased. For Joshua, prime-rib dinners are Group of answer choices a normal good. an inferior good. an optimal good. a Giffen good.
Answer:
a normal good
Explanation:
A normal good is one that a consumer buys normally and when there is an increase in his income there is an increase in the demand of this good.
The opposite of this is an inferior good whose demand falls sometimes to zero as income increases. Consumers choose other goods to consume as income increases.
In the given instance where Joshua's income increases and he purchases more prime-rib dinners than he did before his income increased, this is a normal good for him.
Nancy, age 67, plans to retire in six months. She has $200,000 in a savings account. She would like to receive lifetime monthly income which is guaranteed. A. Fixed life annuity B. Variable annuity C. Equity-indexed annuity
If a government fixes the wage rate above the mar-
ket equilibrium rate it will lead to
(A) ex-
cess demand for labour (B) low supply of labour
(C) excess supply of labour (D) industrial strike ac-
tions
Answer:
Option B
Explanation:
Fixing the wage rate above the market equilibrium rate will disturb the demand and supply equilibrium of labor resource.
Wage rate above market will make labor as a resource costly for business and hence, there is possibility that the demand for labor will lower down. Thus, the supply of labor will get low.
Hence, option B is correct
If your firm is a potential entrant thinking about entering an industry, you want the entry barriers to be _____.
Answer:
High
Explanation:
Entrants can be regarded as firms that are willing in entering a particular industry. As regards to market theory, a potential entry can become actual entry into a market on some condition such as when existing firms that are in the market have their earns above the Normal profit. It should be noted that If your firm is a potential entrant thinking about entering an industry, you want the entry barriers to be High
When there is excess supply (surplus) what will happen?
Answer:
If there is excess supply, then the price will fall.
Explanation:
More supply would reduce the demand and hence, price would adjust to meet the equilibrium between demand and supply
The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1 Accounts receivable, end of year $710,000 $630,000 $565,000 Sales on account 5,691,000 4,628,500 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume a 365-day year. Do not round intermediate calculations. Round your answers to one decimal place. 20Y3 20Y2 1. Accounts receivable turnover fill in the blank 2 fill in the blank 3 2. Number of days' sales in receivables fill in the blank 4 days fill in the blank 5 days The collection of accounts receivable has . This can be seen in both the in accounts receivable turnover and the in the collection period.
Answer:
Sigmon Inc.
1. Accounts receivable turnover = Sales/Average accounts receivable
20Y3 = 8.49x
20Y2 = 7.75x
2. Number of days sales in receivables = 365/Accounts receivable turnover
20Y3 = 43 days
20y2 = 47.1 days
3. The collection of accounts receivable has improved from 47.1 days to 43 days. This can be seen in both the in accounts receivable turnover and the in the collection period.
Explanation:
a) Data and Calculations:
Terms of all sales are 2/10, n/45
20Y3 20Y2 20Y1
Accounts receivable, end of year $710,000 $630,000 $565,000
Sales on account 5,691,000 4,628,500
Average accounts receivable 670,000 597,500
1. Accounts receivable turnover = Sales/Average accounts receivable
20Y3 = 8.49x ($5,691,000/$670,000)
20Y2 = 7.75x ($4,628,500/$597,500)
2. Number of days sales in receivables = 365/Accounts receivable turnover
20Y3 = 43 days (365/8.49)
20y2 = 47.1 days (365/7.75)
On October 6, 2021, Ronan Corp. sold land to Bane Co., its wholly owned subsidiary. The land cost $72,400 and was sold to Bane for $96,000. For consolidated financial statement reporting purposes, when must the gain on the sale of the land be recognized?a. No gain may be recognized.b. As Bane uses the land.c. When Bane Co. sells the land to a third party.d. Proportionately over a designated period of years.e. When Bane Co. begins using the land productively.
Answer:
c. When Bane Co. sells the land to a third party
Explanation:
As in the case of the consolidated financial statement no gain or loss should be recognized when there is an intercompany transactions also it would be removed at the time of consolidation
So the gain that should be recognized at the time of sale of the land would occur when the company sold the land to the third party
Therefore the option c is correct
The following information is available for Kiss Company: Sales$100,000 Operating expenses$94,000 Operating assets$40,000 Stockholder's equity$25,000 Cost of capital 10% What is Kiss Company's residual income
Answer:
the residual income is $2,000
Explanation:
The computation of the residual income is shown below:
= Operating income - rate of return × operating assets
= ($100,000 - $94,000) - (10% × $40,000)
= $6,000 - $4,000
= $2,000
hence, the residual income is $2,000
The same is to be considered and relevant
When an intranet is extended outside the corporate walls to include suppliers, customers, or other external agents, it becomes a(n
Answer:
Extranet
Explanation:
intranet can be regarded as private network which is been contained within an enterprise and it is used to securely share the information if company and computing resources among employees. It can also be utilized in facilitation of working in groups as well as teleconferences.
Extranet can be regarded as controlled private network which give access to partners as well as vendors and suppliers, and authorized set of customers so that they can be a
subset of the information which will be accessible from intranet of the organization. It should be noted that When an intranet is extended outside the corporate walls to include suppliers, customers, or other external agents, it becomes Extranet.
An actuary is a person who assesses various forms of risk. Based on past data, the holder of an automobile insurance policy pays an insurance premium of $1200 and has a 5% chance of an accident causing $1000 of damage, a 2% chance of $5000 damage and a 1% chance of totaling the car worth $25,000. The probability of the insurance holder making through the year without any accidents is 92%. Find the expected value and interpret it. Is the insurance company likely to make or lose money with this type of policy in the long run
Answer:
With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.
Explanation:
According to the given values in the question,
The expected value will be:
⇒ [tex]E(value) = Sum \ of \ (x\times P(x))[/tex]
By putting all the given values, we get
⇒ [tex]=1000\times 0.05+5000\times 0.02+25000\times 0.01+0\times 0.92[/tex]
⇒ [tex]=50+100+250+0[/tex]
⇒ [tex]=400[/tex] ($)
As we can see that,
[tex]E(value)<premium[/tex]
[tex]400<1000[/tex]
Thus the above is the correct answer.
What does project failure mean? What are some examples?
Answer:
that's mean A project is considered a failure when it has not delivered what was required, in line with expectations
Explanation:
Therefore, in order to succeed, a project must deliver to cost, to quality, and on time; and it must deliver the benefits presented in the business case.
the most effective use of the interim ___ is to establish cost standards and compare the actual amount with the budgeted amount for that time period
Answer:
income statement
inventory analysis (w)
Explanation:
A machine shop uses a periodic system to maintain the inventory saw blades. The review period is four days and lead time is two days. They use an average of 11 saw blades per day. The standard deviation of use over a six-day period is 9 saw blades. Saw blades aren't the most critical item they carry, but the manager would like to limit the probability of a stockout to 2.5% of the time. What should their restocking level be
Answer:
the restocking level is 147 units
Explanation:
The computation of the restocking level is shown below:
= (11 × (2 + 4)) + 9 × 1.96
= 147 units
The 1.96 comes from
= 100 - 2.5%
= 97%
The value of z for 97% is 1.96
Hence, the restocking level is 147 units
The same would be considered and relevant too
Andy is driving a 20-year-old boat that he borrowed from a friend. While he's on the water, the steering system fails and the boat crashes. Subsequent investigation shows that the steering system failed as a result of corrosion. Andy sues the boat manufacturer for negligence. How strong is his negligence case against the product manufacturer
Answer:
Weak.
Explanation:
In the given scenario, the case is weak because Andy cannot sue the manufacturer company for negligence.
it is because Andy is driving a 20-year-old boat. So, Andy cannot prove that the corrosion was due to manufacturing defect. The possibility of corrosion must be the wearing or tearing away of the boat.
Normally, material corrodes if not taken care of properly or due to a long lifespan.
Therefore, the case of Andy against the product manufacturer is weak.
Founders' shares are a type of classified stock where the shares are owned by the firm's founders, and they generally have more votes per share than the other classes of common stock. True False
Answer:
TRUE
Explanation:
This is True because Founders are usually the first to get shares of a company, hence they will have more votes per share than the other classes of common stock.
Founder's shares are a type of classified stock.
. If the prices of goods and services were expressed in terms of $20 for a shirt, $100 for a purse, what function of money is being described here?
Answer: unit of account.
Explanation:
Money is anything that's generally accepted by the people and used for making purchases. There are different functions of money such as:
• Means of payment
• Store of value
• Unit of account
• Standard for defered payment
If the prices of goods and services were expressed in terms of $20 for a shirt, $100 for a purse, the function of money that is shown here is the unit of account.
Unit of account simply means the measurement of value. This is something through which goods can be valued.
Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling of $11.00 on used DVDs, on the grounds that local suppliers are taking advantage of teenagers by charging exorbitant prices. a. Calculate the weekly shortage of used DVDs that will result from this policy. Instructions: Enter your response as a whole number. used DVDs. b. Calculate the new consumer surplus, the new producer surplus, and the total economic surplus lost every week as a result of the price ceiling.
Answer: Hi your question is incomplete attached below are the missing details
answer :
A) 16 used DVDs
B) i) $18
ii) $6
iii) $8
Explanation:
A) Determine the weekly shortage of used DVDs due to ceiling price = $11
shortage = Quantity demanded ( H ) - Quantity supplied ( F )
at ceiling price of $11 ; quantity demanded = 20 , Quantity supplied = 4
= 20 - 4 = 16 used DVDs
B) i) New consumer surplus = ADLK
ADLK = ∠ ABK + BKLD
= 1/2 * 4 * 1 ) + ( 15 - 11 )*4 = $18
ii) New producer surplus = DLE
DLE = 1/2 * 4 * ( 11-8 )
= $6
iii) Total economic surplus lost
ΔKJL = 1/2 ( 8 - 4 ) * ( 15 - 11 )
= $8
The fundamental role of strategy is to: a. Determine how the firm will make a profit in its industry environment b. Determine how the firm will deploy its resources to satisfy its short-term financial goals c. Determine how the firm will deploy its resources to satisfy its long-term goals, given the conditions in the competitive environment d. Determine how the firm can organize its own activities and achieve dominance
Answer:
c. Determine how the firm will deploy its resources to satisfy its long-term goals, given the conditions in the competitive environment
Explanation:
The main role of the organization strategy is to implement the plan with respective to the development and deploying of the resources of the organization in order to attain the long term goals. It involved the word class quality of product or services that satisfy the customer needs as compared with the competitor. So here only long term goals option is considered
Two countries, Alpha and Beta, have identical production possibilities frontiers. What is the outcome if Alpha produces at point A and Beta produces at point B?
Answer:
C.) Alpha consumes more than Beta today, but it will grow slower than Beta.
Explanation:
In the case when the two countries i.e. Alpha and beta have the same kind of production probabilities so the outcome when the alpha produced at point A while beta produced at point b is that the alpha consumers more than beta but the growth is slow as compared to beta because the beta is the point where there is a large capital but the less consumption. And, when there is a more capital goods so the growth if we compared with the alpha growth
Sheffield Corp. sold $120000 of goods and accepted the customer's $120000 8%, 1-year note receivable in exchange. Assuming 8% approximates the market rate of return, what would be the debit in this journal entry to record the sale
Answer:
The journal entry to record the sale :
Debit : Note Receivable $120000
Credit : Sales Revenue $120000
Explanation:
The journal entry to record the sale includes a Debit entry of a Note Receivable at the amount owed by the customer since there was no immediate payment of cash and a Credit entry of Sales Revenue to recognize Income earned.
PLZZZ HELP GUYS ITS DUE VERY SOON
Answer:
$591.50
Explanation:
5% of $6000 is $300
6% of $2000 is $120
Money left to account for is $10450-$8000 which is $2450
7% of $2450 is $171.50
So on $10450 of sales, Triq makes $591.50 in commission.
The $1,000 face value ABC bond has a coupon rate of 10%, with interest paid annually, and matures in 3 years. If the bond is priced to yield 12%, what is the bond's value today
Answer:
Bond Price = $951.9633746 rounded off to $951.96
Explanation:
To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment, annual number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.
Coupon Payment (C) = 1000 * 10% = $100
Total periods remaining (n) = 3
r or YTM = 12%
Bond Price = 100 * [( 1 - (1+0.12)^-3) / 0.12] + 1000 / (1+0.12)^3
Bond Price = $951.9633746 rounded off to $951.96
f an asset was purchased on January 1, Year 1, for $140,000 with an estimated life of 5 years, what is the accumulated depreciation at December 31, Year 4
Answer:
The answer is "[tex]\$ 112,000[/tex]"
Explanation:
[tex]\text{Straight-line method depreciation}=\frac{Asset\ costs}{Utility \ of \ life}[/tex]
[tex]= \frac{\$ 140,000}{5}\\\\= \$ 28,000[/tex]
On 31 December, accumulated depreciation:
[tex]= 4 \ years \times \$ 28,000\\\\=\$ 112,000[/tex]
If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales
Answer:
2000000
Explanation:
because that is what is left
The dollar amount by which total rent exceeds base rent under a percentage lease for retail is referred to as:
Answer:
vacancy
Explanation:
Vacancy. The dollar amount by which total rent exceeds base rent under a percentage lease for retail is referred to as. Overage rent.
Question 2 of 8
2.0 Points
Income earned by the business from activities unrelated to its primary operations would be
classified as........ in the statement that measures its performance for a particular period.
Answer:
This type of income is known as non-operating income in the financial statements
Explanation:
Non-operating income, as the world implies, is the income that a firm earns from activities that are not related to its main economic activity. An example would be a mall, whose main activity is the rental and management of commercial real estate, earning some income from short-term investments in the secondary market. This interest would be reported as non-operating income, and would be treated as such for financial, accounting, and tax purposes.
A price searcher
a. faces a horizontal demand curve.
b. is a seller that searches for good employees and pays them a low wage.
c. seller that searches for the best price at which to buy its nonlabor inputs.
d. is a seller that has the ability to control, to some degree, the price of the product it sells.
e. a and c
Answer:
d. is a seller that has the ability to control, to some degree, the price of the product it sells
Explanation:
A price searcher is a person who sold the products and services and impact the price of the same goods & services via number of units sold
So as per the given situation, the option d is correct as it derives that it is the seller that has the capability to control for some degree for the price of that product it sold
So, the other options would be incorrect
Swiss Furniture Company manufactures bookshelves and uses an activity-based costing system to allocate all manufacturing conversion costs. The following information is provided for the month of May:
Activity Estimated Indirect Activity Costs Allocation Base Estimated Quantity of Allocation Base
Materials handling $6,300 Number of parts 9,100 parts
Assembling $14,000 Number of parts 9,100 parts
Packaging $2,680 Number of bookshelves 910 bookshelves
Required:
Each bookshelf consists of 10 parts. The direct materials cost per bookshelf is $32.What is the total manufacturing cost per bookshelf?
Answer:
Total unitary manufacturing cost= $57.25
Explanation:
First, we need to calculate the activities rates:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Materials handling= 6,300/9,100= $0.69 per part
Assembling= 14,000/9,100= $1.54 per part
Packaging= 2,680/910= $2.95 per bookshelve
Each bookshelf consists of 10 parts. The direct materials cost per bookshelf is $32.
Now, we can allocate conversion costs to each unit:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Materials handling= 0.69*10= $6.9
Assembling= 1.54*10= $15.4
Packaging= 2.95*1 = $2.95
Total allocated costs per unit= $25.25
Finally, the total unitary manufacturing cost:
Total unitary manufacturing cost= 32 + 25.25
Total unitary manufacturing cost= $57.25
Tulane Tires wrote a contract for a $100,000 sale of tires to the new Garden District Tour Company. Tulane only anticipates a slightly greater than 50 percent chance that Garden will be able to pay the amounts that Tulane is entitled to receive under the contract. Upon delivery of the tires, assuming no payment has yet been made by Garden, how much revenue should Tulane recognize under U.S. GAAP
Answer:
zero or nil
Explanation:
The computation of the revenue that should be Tulane recognize under U.S. GAAP is shown below:
As per the GAAP, the probable means it is likely to be occured or as a reasonably predicted based on the available proof. Now this definition derives that it is high occurence so the contract should not be considered for the revenue recognition
Therefore the revenue is zero or nil